Thomas M. Herzog - 27 Jan 2022 Form 4 Insider Report for HEALTHPEAK PROPERTIES, INC. (DOC)

Role: CEO, Director
Signature: Scott A. Graziano, SVP, Legal (Attorney-In-Fact)
Issuer symbol: DOC
Transactions as of: 27 Jan 2022
Net transactions value: -$2,969,256
Form type: 4
Filing time: 31 Jan 2022, 17:03:08 UTC
Next filing: 15 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PEAK	Common Stock	Gift	$0	-151,695	-67%	$0.000000	73,811	24 Feb 2021	Direct
transaction	PEAK	Common Stock	Award	$0	+90,498	+123%	$0.000000	164,309	27 Jan 2022	Direct	F1, F2
transaction	PEAK	Common Stock	Award	$0	+142,672	+87%	$0.000000	306,981	27 Jan 2022	Direct	F2, F3
transaction	PEAK	Common Stock	Award	$0	+30,839	+10%	$0.000000	337,820	27 Jan 2022	Direct	F2, F3
transaction	PEAK	Common Stock	Tax liability	$2,969,256	-85,594	-25%	$34.69	252,226	27 Jan 2022	Direct	F4
holding	PEAK	Common Stock						341,743	27 Jan 2022	Family Trust	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents performance-based restricted stock units previously granted to the reporting person by the Company on February 12, 2021. The performance conditions applicable to the award were determined to have been satisfied by the Company's Compensation and Human Capital Committee (the "Compensation Committee") on January 27, 2022 (the "Determination Date"), resulting in one-third (1/3) of the shares subject to the award vesting on each of the first, second and third anniversaries of the grant date, subject to the reporting person's continued employment with the Company through the applicable vesting date.
F2	Each restricted stock unit represents the right to receive one share of common stock, subject to the applicable vesting schedule.
F3	Represents the number of performance-based restricted stock units previously granted to the reporting person by the Company on February 15, 2019. The performance conditions applicable to the award were determined to have been satisfied by the Company's Compensation Committee on the Determination Date, resulting in the award vesting in full on the Determination Date.
F4	This forfeiture of shares to satisfy applicable tax withholding does not constitute a sale transaction. Pursuant to the award agreements, shares are required to be forfeited to satisfy applicable tax withholding in connection with the vesting of restricted stock units granted on February 15, 2019.
F5	Reflects the transfer by the reporting person of 151,695 shares of the Issuer's common stock in the aggregate to a family trust on February 24, 2021, as separately reported in this Form 4.